CHICAGO–(BUSINESS WIRE)–With record high defaults in 2016, no respite is expected for Latin American corporates in 2017, according to the eighth annual Fitch 50 Latin America. “Downgrades will continue to outpace upgrades for the 50 largest high-yield Latin America corporates, as 38% of the issuers have either a Negative Outlook or are on Watch Negative,” said Jay Djemal, Director. “Consumer confidence remains fragile, which, together with higher taxes, weakens corporate cash flow.” Brazil co
